Directive comes into force in January 2018
Latest regulatory burden for advisers
'Exceptional technical implementation challenges'
Confirmation expected in 'next few weeks'
Will consult later in the year on new rules
Set for January 2018 introduction
Regulator 'encouraged' by adviser firms' response but fears potential for bias remains in some firms
The Financial Conduct Authority (FCA) is likely to delay its consultation on incoming MiFID II conduct rules for advisers, as it wants to determine the impact of its own advice review first, its markets policy manager has said.
The Financial Conduct Authority (FCA) has sent out 4,600 letters to firms asking them how much it would cost them to implement European legislation the Markets in Financial Instruments Directive (MiFID II).